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HPCL Q3 Results: PAT slumps 90% sequentially to Rs 529 crore; stock tanks 6%

HPCL Q3 Results: Hindustan Petroleum Corporation s net profit for Q3 tripled YoY to Rs 529 crore, but slumped by 90% sequentially. Revenue from operations rose 2% YoY to Rs 1.11 lakh crore, growing by 16% sequentially. The stock declined over 6.5% following the Q3 earnings presentation. The board recommended an interim dividend of Rs 15 a share. ....

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State-owned oil stocks have more juice left in the barrel

Most PSU oil stocks gave over 60% returns in the last one year with the exception of ONGC and BPCL.ONGC and OIL stock is trading at a discount to international ....

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HPCL stock gains in a wobbly market on stellar Q2 show

In a post-result earnings call, the company’s management stated that HPCL is carrying about 23 days of crude inventory and 30 days of marketing inventories. ....

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